Jsjs Designs Share Discussion Threads

[alynch] 12/3/2014 16:24

I will probably do so myself...a risk worth taking. We don't know their plans, and they might not be as we imagine

[nar1] 12/3/2014 15:39

Exactly don't make any difference I topped up

[alynch] 12/3/2014 15:33

Indeed...it's always the PIs that get shafted :-(

[yesrupnel] 12/3/2014 15:33

Nar1 and JMF69

I am also looking at the mid/longer term and it looks good with profits and enough finance for the future.

I am not too concerned with the share consolidation - I still hold the same VALUE of shares whether its 20 million or 5 million. The number of shares does not matter to me. In fact it felt distinctly odd the first time I bought some at 0.22p and got a huge amount of shares. But my investment was still based on a few £x0000s.

As far as I read the share consolidation - the directors are not getting a larger percentage of the capital. They still control the company now as much as they will after this share consolidation.

I am really struggling to see what the negative sentiment is all about just because of this one change.

[roomove] 12/3/2014 15:04

In fact I would not be surprised to see the directors buy more shares just to reduce free float further.

[roomove] 12/3/2014 15:02

Alynch, sadly in these circumstances the board can do what it wants as they hold the majority of shares. If ML, JS and JS agree nothing else matters.

[jmf69] 12/3/2014 14:37

A fundraising of GBP500,000 was completed in the year to finance the business alongside a debt repayment agreement with our key supplier Veda Holdings. This, together with the working capital reduction due to the new distribution model, the much improved trading position during the first quarter of FY14 and the large forward order book together provided the necessary long term finance requirements for the business.

[neubie2u] 12/3/2014 13:53

alynch...I had hoped for at least three or before the buy out...now I`m not so sure.

Roomoves` story begs the question though at what price and for whose benefit!

[alynch] 12/3/2014 13:51

Of course, shareholders can go to the meeting and vote against the consolidation. I've now managed to find someone to send me the voting form etc, so I think I'll go along and see what happens. Perhaps if enough of us are against it, it won't happen...

[alynch] 12/3/2014 13:49

And there was me hoping to hold onto these for five to ten years...fat chance eh?

[roomove] 12/3/2014 13:25

Its all coming back, this is the RNS from the shareholder meeting regarding proposed takeover of SKHG. Note the last sentance, absolute scandal. JSJS is the same as SKHG was, you think its beneficial that the directors hold a large % of the company but actually it just allows them to do whatever they want.

THAT, in connection with the offer made by Tracsis plc (Tracsis) to acquire the entire issued ordinary share capital of the Company (other than those shares contracted to be acquired by Tracsis under the terms of the Management Agreement and Prowse Trust Agreement) as set out in the offer document dated 26 March 2013 (the Offer Document), and for the purposes of Rule 16.2 of the City Code on Takeovers and Mergers, the Management Arrangements as described in the Offer Document and in particular paragraph 6 of the letter of recommendation from the Independent Directors of the Company in Part I of the Offer Document and paragraph 6 of the letter from Tracsis to the Sky High Shareholders in Part II of the Offer Document, pursuant to which the Management Team will be entitled to receive different treatment from the other holders of Sky High Shares in connection with the Offer, be and are hereby approved.

[nar1] 12/3/2014 13:18

Hold or buy more - think to many here have sold too early - ( on consolidation issue)


Overheads are being reduced

Megaman on board taking on all distribution side of things,

New Products to be released.

Plans to go global


Company expecting to move into profit this year

For me these are all the reasons to hold with a cheeky top up on the dips.

DYOR tho .

[neubie2u] 12/3/2014 13:17

Sorry to hear that.

Hope you have had better luck since.

[roomove] 12/3/2014 13:11

Trying to recall the company was bought out for 9p a share, my average was not much different and the shares had traded previously from a low of about 4p and a high in the 20's I believe (I can't remember exactly). The belief was the company would go for 25p+ which is why we sat tight but it never happened.

[neubie2u] 12/3/2014 12:35

Roomove...that seems to be the given here...regretably.

May I ask what % profit you came out with in the end?

[roomove] 12/3/2014 12:17

As I said previously read up on SKHG. It's no longer listed as was eventually bought out. It had 20m shares in the end, myself and a few others held long term knowing the end game would be a buy out, the company was profitable and even had a dividend but was eventually sold well below what we hoped for. Why? Directors had free shares and had their wages paid for several years with full control over the shares as no one could buy any quantity. When it was sold for under market value it was still a great deal if your shares cost you nothing. This does not fit with ML but it does for the two JS'S. I expect Siemens to take them out for peanuts in a couple of years now, great shame as the story was good but aim is a crooked man's playground.

[neubie2u] 12/3/2014 12:02

To paraphrase.

A 50:1 consolidation will change the perception of the company of being a penny share...a 5:1 consolidation would not have done this though to be fair to myself it was just an example...the fundamentals are more important than the short term reaction to the consolidation proposal...the long term creation of value is more important. The company has a real chance of real success.

I am still unconvinced for the reason for the 50:1 ratio and not overly convinced by the reason for the consolidation nor overly impressed with its timing.

I will be voting yes for the name change but remain undecided as to how I will vote in regard to the consolidation.

[neubie2u] 12/3/2014 10:26

buggy I agree...but I like to keep things simple when it comes to figures ;^)

[buggy] 12/3/2014 10:19

neubie2u,

I will even go as far as 10:1 consolidation. that will give us just Over 55Mil shares .. not fantastic but more reasonable than an AIM share with only 11M outstanding shares.

My only comfort is that Drol Investment average is not too far behind mine, so when I am under water, I know that they would soon join me.

I worked out their average to be about 0.82p, so they are also underwater and would need to be thinking of a way to reverse this trend.

Only problem is that as an investment company they could afford to write this off against gains from other investments while us PI, depending on how much you are invested and if those gains could cover your loss here, could not easily offset the loss.

[onedayrodders] 12/3/2014 10:16

OneDayRodders 12 Feb'14 - 17:24 - 591 of 664 0 0 edit

I expect the usual post news drift down now back to 0.60 - 0.80 range unless they have more positive news....that's just AIM at the moment.

[neubie2u] 12/3/2014 10:15

Will 0.6 hold?

[neubie2u] 12/3/2014 10:14

mail sent.

I am a long term shareholder in JSJS.

The recent developments in the company and the reflected increase in the share price was good to see.

In the last two days this rise has however been reversed. It is, in my opinion, as a direct result of the ratio of the proposed consolidation. The consolidation in and of itself does not explain this.

Could you explain the rationale for the ratio and why this was deemed preferable to a lesser ratio for example 5:1?

[buggy] 12/3/2014 10:10

Unless M Lord or other directors comes into the market to start mopping up all the free shares then this will continue to slide. Not every PI wants to be locked into an illiquid stock.

Then again if they are in the knowledge of any sensitive information, ongoing negotiation with distributors or anything, then they are not allowed to buy shares.

While I will stick with these long term, this management don't half know how to shoot themselves on the foot. Did they not really assess the impact this will have on the share price, misread the size of the impact or they knew but were willing to chance it? Sometimes they only open their mouth to put their foot in it. They inevitably utter something that would be used as a rod for their own back. [ Providing miss-judged delivery timelines, consolidation to a few Mill shares to improve liquidity etc ]

Already we have dropped over 20% of value since this announcement and still dropping! If this continues then we may even lose 50% of value just by one ill-thought strategy decision.

The sad thing was that the share price actually went up after the results due to very good forward outlook statements in the results. Come 12pm they then announced their intention for a drastic consolidation and the shares price went into free fall.

[neubie2u] 12/3/2014 09:57

alynch thank you will send a mail off now.